July 31, 2014

Santa Barbara Real Estate for Goleta South and the Gap between Median Sales and Median List Prices for 1/1/2014 to 7/18/14

For Santa Barbara Real Goleta Real Estate South area for the Home Estate/PUD through 7/18/14 there have been 46 sales compared to 78 last year for a 41.0% drop but the median sales price went up from $694,500 last year to $768,500 for a 10.7% rise.

The median list price this year for $779,000 when compared to the median sold price of $768,500 gives us a -3.5% gap. Last year there was a $792,000 median list price and when compared to the median sold price of $694,500 gave us a -12.3% gap.

For the condo market in Goleta Real Estate South through 7/18/14 there were 40 sales this year compared to 35 last year for a 14.3% rise and the median sales price rose from $445,000 last year to $492,500 this year for a 10.7% rise.

This year the median list price of $469,000 compared to the median sold price of $492,500 gives us a positive gap of +5.0%. Last year the median list price of $359,450 and the median sold price of $445,000 gave us a positive gap of +23.8%.